Saturday 18 November 2017

Now we don't have it, so let's turn to where we put it

Lenihan should reclaim McCreevy's great €5bn giveaway and not heed silly 'expert' advice, writes Finola Kennedy

Bizarre proposals are being made to Finance Minister Brian Lenihan as the Budget draws closer. A member of Mr Lenihan's new Banking Board has suggested that we become the 51st state of the USA. The first casualty in this fantasy-land would be the much cherished preferential corporation tax.

Another commentator has suggested that we leave the euro and devalue our new 'standalone' currency.

In this fantasy-land, we would increase the burden of our immense foreign debt by the percentage size of the devaluation.

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